GFH's Tunisia project progress reviewed

Manama, June 6, 2012

The management and senior officials of Tunis Financial Harbour (TFH), the flagship project of Gulf Finance House (GFH), led by TFH chief executive Lutfi Alzaar, met Turkish President Dr Abdullah GŸl during his official visit to Tunisia.

Dr GŸl was presented with an update on the progress of the mega project, the role of the recently appointed Turkish developer the Demtas Group, and the overall impact the project will have on local and regional economies.

Alzaar also held an exclusive meeting with project managers and co-ordinators of the Demtas Group to re-affirm and strengthen strategic co-operation on the flagship project.

During the meeting, the project and technical specification documents, feasibility studies and other official forms related to the project were presented to the Demtas Group representatives.

Financial regulations and procedures related to the marketing of the project in Tunisia and abroad were also discussed.

TFH project technical director Ziad Jouini presented the road network map which has been agreed with the Tunisian government to link various access roads to TFH with main roads.

Ways to link the project to basic services such as water, natural gas, electricity and communications were also highlighted.

The TFH project will be North Africa's first offshore financial centre.

The mega project will focus on attracting local, regional and international banks and financial institutions, as well as leading regional Islamic banks and Islamic Investment Funds to the region.

The project will offer world-class commercial infrastructure, an array of modern waterfront living and state-of-the-art office space for financial services institutions seeking access to opportunities Tunisia offers as a strategic gateway between Europe and Africa. – TradeArabia News Service